• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

bank reconciliation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › bank reconciliation

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • October 27, 2018 at 9:19 pm #479980
    suleymanabuzerli
    Member
    • Topics: 84
    • Replies: 32
    • ☆☆

    Sandilands Co uses a computer package to maintain its accounting records. A printout of its cash book
    for the month of May 20X3 was extracted on 31 May and is summarised below.
    $ $
    Balance b/d 546 Payments 5,966
    Receipts 6,293 Balance c/d 873
    6,839 6,839
    The company’s chief accountant provides you with the following information.
    (a) Bank charges of $630 shown on the bank statement have not been entered in the company’s
    cash book.
    (b) Three standing orders entered on the bank statement have not been recorded in the company’s
    cash book: a subscription for trade journals of $52, an insurance premium of $360 and a
    business rates payment of $2,172.
    (c) A cheque drawn by Sandilands Co for $693 and presented to the bank on 26 May has been
    incorrectly entered in the cash book as $936.
    After correcting the errors above, what is the revised balance on the cash book?
    A $2,098 debit
    B $2,584 debit
    C $3,868 credit
    D $3,382 credit

    sir,l solved this exercise but my answer was 2098 credit because l considered credit balance
    but correct answer 2098 debit
    why is this so?

    October 28, 2018 at 10:36 am #480032
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    The correct answer is indeed a credit balance of 2098.

    There seems to be a typing mistake in your book!

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • julio99 on Impairments – Impairment (CGU) – ACCA Financial Reporting (FR)
  • effy.sithole@gmail.com on EPS – diluted EPS Example – ACCA Financial Reporting (FR)
  • Ken Garrett on The Finance Function in the Digital Age – CIMA E1
  • DeborahProspect on ACCA SBR Specimen Exam 2 Question 1
  • darshan.69 on Chapter 9 Pension Schemes TX-UK FA2023

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in